Upated: RetraceHealth Founders Ousted, Angie Franks Named CEO

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e_e1ck5s[Updated 12/12 10:00am CST – RetraceHealth has confirmed that Angie Franks is the permanent CEO replacement to Aderinkomi, not interim.]

Minnesota tech entrepreneurs Thompson Aderinkomi (CEO) and Steven Bayer (CTO) have been fired from the company they founded in 2013.

RetraceHealth combines video telemedicine with face to face house calls for a blended delivery model designed to lower time and cost associated with the traditional physician-patient process. The venture has attracted investment capital from Blue Cross and Blue Shield of Minnesota (Blue Cross), HealthEast Care System (Minnesota), and McKesson Ventures.

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Minneapolis Startup RetraceHealth Sees $7m In VC Funding For Healthcare On Demand

retrace-wordmark-44-213-196-rgbRetraceHealth has raised $7m in venture capital to accelerate growth with new partner Lemhi Ventures, says CEO Thompson Aderinkomi.

RetraceHealth was founded in 2013 to make it easier than ever for people to get the medical care they need — while saving time and hassle along the way.

By combining video and house calls from pre-qualified local medical professionals, the service cuts cost from the system by reducing overhead and optimizing delivery via technology.

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Updated: RetraceHealth Pulls More Investment & Stacks The Deck

RetraceHealth[Updated 1/25/16 8:30 CDT – disclosed investors include: Blue Cross and Blue Shield of Minnesota (Blue Cross), HealthEast Care System (Minnesota), and McKesson Ventures.]

Minneapolis startup RetraceHealth has raised another $500k equity to wrap up a $1m fundraising round that commenced earlier this year.

Founded in 2013 by Thompsom Aderinkomi, RetraceHealth combines video telemedicine with face to face house calls for a blended delivery model. This approach is designed to lower time and cost associated with the traditional physician-patient process.

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RetraceHealth Sees $500k Investment

Minneapolis health tech startup RetraceHealth has receieved $500k equity investment per this SEC disclosure.

Founded in 2013 by Thompsom Aderinkomi, the model combines video telemedicine with face to face nurse house calls for between $50-$150 per family. This approach is designed to lower time and cost associated with the traditional physician-patient process.

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Meet A Minnesota [Startup] CTO: Steven Bayer

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Steven Bayer

Thank you to Andcor Companies for underwriting the Meet a Minnesota CTO series.

Steven Bayer is the new CTO of Retrace Health, a Minneapolis startup applying technology to reduce the expenses associated with primary health care.

How long have you been working in technology for and what is your technical background?

I graduated from Iowa State University with a degree in Computer Engineering and have worked in technology ever since; initially in application development and then more recently in digital product management.

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MN’s “Rise of the Rest” startups selected to pitch Steve Case for $100k

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Via News Release

“Washington, D.C. – September 30, 2014 – Today, Revolution, UP Global and Google for Entrepreneurs, the presenting partners of the Rise of the Rest Road Tour, announced the finalists for pitch competitions happening in five Midwest cities: Madison, Minneapolis, Des Moines, Kansas City and St. Louis. One winner in each city will receive a $100,000 personal investment from Steve Case and a trip to the 2015 SXSW Startup Village in Austin, TX for a special “Rise of the Rest” pitch competition, where they will vie for additional funding.

Minnesota startups: 75F, Apruve, GreenBook Network, Grumbl, Fresh Vine, Not on My Nickel, Retrace Health, PreciouStatus, Rowbot Systems and Zipnosis.”

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Entrepreneur 2 Entrepreneur: Thompson Aderinkomi on Growth

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Thompson AderinkomiSpecial thank you to Split Rock Partners  for underwriting the Entrepreneur 2 Entrepreneur series. 

Minnesota Tech Entrepreneur Thompson Aderinkomi has been pursuing disruption in the healthcare insurance industry since experiencing the pain points first hand over two years ago.

“The current healthcare system, with its relationships between primary care doctors and insurance companies, sucks (like a vampire) and must die,” he declares. “Preventative medicine can be made affordable to every man, woman and child in this country.”

His remedy, RetraceHealth, aims to eradicate waste from the healthcare system through software and technology enabled primary care solutions.  While the startup has yet to experience the outcomes Aderinkomi initially sought, this change agent is openly adapting; a sure fire sign of the entrepreneurial growth he speaks to.

When asked what theme resonates with where you’re at as a tech entrepreneur, you chose ‘growth’. Why?

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